ABBYY Acquires Pericom Singapore to Expand Footprint in Asia Pacific
Singapore-based solution provider at the crossroads of innovation
ABBYY, a Digital Intelligence company, today announced it acquired Pericom Singapore, part of the Pericom Group, a leading solution provider based in Singapore. The acquisition strengthens ABBYY’s presence in Asia Pacific following the opening of its Hong Kong office in 2019, long-established office in Japan, and a strong partner network throughout the region.
Singapore ranks first in the Asian Digital Transformation Index and is considered the trading crossroads for innovations in cloud computing, artificial intelligence, data analytics and other technologies that span healthcare, security, energy, aviation, defense, smart cities and education. As more Asia Pacific executives look to accelerate their digital business initiatives post-COVID, including 84% of Singapore businesses who have increased their budgets, ABBYY’s growing presence signifies its readiness to meet their digital transformation needs.
“We have had many successful large-scale implementations in the Asia Pacific market working closely with our valuable partners and large system integrators,” commented Ulf Persson, CEO of ABBYY. “Pericom is among our long-time partners with deep knowledge of the market, and through this acquisition, we are bolstering our corporate sales, extending our customer base and creating a platform for strong expansion with our Digital Intelligence offering in the important Asia Pacific market. We welcome the Pericom team to the ABBYY family.”
“ABBYY has been instrumental to our success in helping organizations solve their content and workflow struggles, and advancing their digital transformation strategies,” commented Derek Lee, CEO of Pericom Group and President of AIIM South Asia Chapter. “We are excited to join ABBYY and have broader access to its Digital Intelligence portfolio and global resources.”
ABBYY and Pericom have a proven track record of successful projects in automotive, healthcare and financial services, government agencies and other verticals.
“Pericom is widely regarded as a reputable, experienced player for enhancing cost control, productivity, and information sharing across distributed locations throughout Southeast Asia,” commented Helen Pospelova, SVP of Emerging Markets at ABBYY. “With the Pericom acquisition, we intend to explore new opportunities and develop existing relations with regional players in Singapore and the APAC region, such as Daimler Financial Services Africa and Asia Pacific, Panasonic Asia Pacific, Mizuho Bank, Adnavem Asia and others. We are delighted to have the Pericom team join ABBYY and strengthen our presence in this market.”
Founded in 1987, Pericom group provides enterprise document imaging and workflow solutions to help organizations enhance cost control, productivity, and information sharing across distributed locations. More than 1,000 customers in the region, across a broad range of industries, use its solutions and its supplementary products to leverage business value from their enterprise content.
Terms of the acquisition were not disclosed.
ABBYY empowers organizations to gain a complete understanding of their business processes and the content that fuels them with its Digital Intelligence platform. ABBYY technologies are used by more than 5,000 companies, including many of the Fortune 500, and is recognized for its leadership in Intelligent Document Processing (IDP) and Process Discovery & Mining for driving significant impact where it matters most: customer experience, effectiveness, profitability and competitive advantage. ABBYY is a global company with offices in 13 countries. For more information, visit www.abbyy.com/company.
ABBYY and the ABBYY Logo are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.
ABBYY Media Contact
Gina Ray, APR